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Amazon drops $1.4 billion deal with iRobot amid EU resistance, spurring layoffs
Termination has prompted layoffs and the departure of iRobot's CEO.
Amazon announces it has come to a "mutual" agreement with iRobot to terminate its previous $1.4 billion deal to acquire the Roomba maker. In a previous report, it was stated by those closest to the matter that Amazon "declined" to address EU antitrust regulator concerns. The DMA aims to encourage better, healthier competition amongst large technology companies to avoid consumers being forced into unhealthy practices.
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